Advisers – Page 111
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News
Iceland’s Kaupthing in talks to buy UK’s Singer
ICELAND/UK – Icelandic bank Kaupthing, which has made a series of European acquisitions since 1998, is in talks to buy UK asset manager Singer & Friedlander.
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News
Dutch company funds have adapted – central bank
NETHERLANDS - Most Dutch company pension funds seem to have adapted well to the changing environment, although industry-wide schemes however haven’t yet completed the recovery process, says the central bank.
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Features
Merger brings sadness at Watsons
Partners at UK-based consulting firm Watson Wyatt LLP are sad over its plans to merge with its US affiliate, says managing partner Babloo Ramamurthy. Washington-based Watson Wyatt & Co said in January it would buy the Reigate firm for $451m(E338m) in cash and stock. “Many partners are experiencing sadness about ...
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News
Allianz hedge arm eyes €2.5bn in assets
GERMANY – Allianz’s hedge fund group, Allianz Hedge Fund Partners, says it expects to raise its assets under management to €2.5bn in the short term amid growing institutional investor demand for hedge funds.
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News
Dutch tax proposal could boost schemes
NETHERLANDS – Dutch pension schemes could gain out of a tax-change proposal from finance minister Gerrit Zalm aimed at improving the competitiveness of Dutch investment institutions.
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News
Red tape killing Dutch company schemes - KPMG
NETHERLANDS - Thirty percent of Dutch companies with their own pension schemes are seriously considering abandoning them due to ‘red tape’, says KPMG.
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News
SSGA's UK MD Wightman resigns (Update)
UK – State Street Global Advisors has lost its second senior executive in less than a week, with the resignation of UK managing director Nigel Wightman (updates with more information).
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News
New NAPF chairman wants Myners rethink
UK – The incoming chairman of the National Association of Pension Funds has called for a rethink of the Myners Principles of institutional investment, saying it was a mis-step.
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News
Consultant warns of hedge fund ‘contagion’
UK – A leading pension consultant has warned that hedge funds could represent a contagion to the global financial markets.
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News
UBS asset management arm nearly doubles institutional fund inflows
SWITZERLAND – UBS Global Asset Management said inflows to its institutional business nearly doubled to CHF 23.7bn (€15.3bn) in 2004.
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News
Executives choose early retirement over pension tax
UK - The UK government’s decision to impose a cap on people’s pension pot has sparked the first public early retirement plan and warnings of a talent drain of senior executives.
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News
UK actuaries start huge shake-up after report on conflicts of interest
UK actuaries are facing its biggest shake-up in the last 100 years as the government –appointed expert recommends independent scrutiny of the profession and other measures to address the “quite serious” problems and conflicts of interest it faces.
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News
DeAM unveils ambitious multi-manager plans
GERMANY - In a much anticipated move Deutsche Asset Management (DeAM) has unveiled its plans to launch multi-manager funds for the German-speaking institutional market and has ambitious growth targets despite slow sales at rivals.
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News
Port of London fund to tender DeAM-run brief
UK- Deutsche Asset Management (DeAM), which lost €13bn of institutional assets in the third quarter alone, could lose a further £39m(€56m) equity brief as the Port of London Authority Pension Fund is poised to start a portfolio review in the next 12 months.
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News
AP7 names central bank’s Ragnartz chief analyst
SWEDEN – The SEK5bn (€550m) seventh Swedish national pension fund, AP7, has appointed fund manager Christian Ragnartz of the Central Bank, Sveriges Riksbank, as chief analyst.
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News
MLIM appoints Anne Swift and warns on equity overconfidence
Merrill Lynch Investment Managers has appointed Anne Swift as its relationship manager and investment officer in the defined contribution pension team but has also warned that institutional fund managers were more overweight in equities than at any time since 1999.
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News
Aon expands in Swedish pension market
SWEDEN – Aon Consulting says its entry into the Swedish pension consulting market last year has prompted a lot of interest from customers and potential employees.
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News
FRR seeks SRI, private equity consultants
FRANCE – The French reserve fund, the Fonds de Reserve pour les Retraites, is looking to select consultants to help it select asset managers for socially responsible investment and private equity mandates.
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News
Dutch schemes invest €51bn abroad
NETHERLANDS - Dutch pension funds invested €51bn in foreign bonds and equities last year, says Statistics Netherlands CBS in a provisional report.
